European Commission wants first joint purchases of gas by summer January 16, 2023 The European Commission aims for EU countries to start jointly buying gas "well before summer" to prevent a supply crunch next winter.
ITM Power’s shares plummet 14 per cent after hydrogen specialist makes third profit warning in eight months January 16, 2023 Shares in ITM Power nosedived 13.5 per cent on the London Stock Exchange this morning, after a third profit warning in eight months.
Davos: Energy prices will remain above pre-Covid levels but they will be less volatile says Equinor boss January 16, 2023 The boss of one of one of the world’s largest energy companies has warned that high energy prices are here to stay. Anders Opedal, CEO of Equinor – which is bigger than BP, made his comments ahead of the Davos World Economic Forum conference in Switzerland. Opedal, who was speaking on BBC Radio 4’s Today [...]
Shell claimed £200m from Ofgem heaping pressure onto household bills January 15, 2023 Shell claimed almost £200m for costs associated with taking on customers whose suppliers had gone bankrupt in 2021, before generating record profits in 2022 on the back of soaring oil and gas prices. Shell’s UK utility business claimed £197m under Ofgem rules for costs linked to picking up 500,000 new customers from five energy suppliers [...]
Legal & General to vote against NewMed’s takeover bid for Capricorn Energy January 15, 2023 A fight over the future of Capricorn Energy is set to come to a head this week on the announcement that one of its top investors is set to vote against the oil and gas firm’s board in a push to veto NewMed Energy’s £3bn takeover deal. Legal & General Investment Management (LGIM) is set [...]
UK risks missing out on ‘growth opportunity of the century’ due to climate action delays as it falls behind in ‘net-zero race’ January 14, 2023 The UK is not in line to meet the environmental target - and has fallen behind rival economies in the "net-zero race" warns a new report.
Revealed: Brits are paying the highest electricity bills in the entire world January 14, 2023 New research reveals that the UK has the highest electricity bills. Brits pay more for their power than anywhere else on the planet. A new study looked at Government data on electricity and gas prices from the past five years to analyse the impact of the worsening cost of living crisis and discover which countries [...]
Drax fined £6m after charging National Grid excessive prices to cut energy January 13, 2023 Drax has agreed to pay the energy watchdog Ofgem a £6m-plus fine, after it admitted to an 'inadvertent breach' of its generation licence.
Energy bills could drop below £2,500 per year, saving the government billions in support packages January 13, 2023 Energy bills could fall under £2,500 per year in the second half of this year, saving the Government billions of pounds.
Big fans: Wind powers half of UK’s energy needs with new record generation day January 12, 2023 Wind power generated record amounts of energy earlier this week, topping 21 gigawatts for the first time ever on Tuesday evening.